RELIEF: Another $500,000, ooo

Reconstruction Finance Corp. had only $3,318,778 left in the bottom of
its $300,000,000 jobless relief fund last week when President
Roosevelt signed a bill amply replenishing Federal resources to help
the nation's destitute millions. Authorized was the expenditure of
another $500,000,000, to be raised by R. F. C. through sale of its
obligations to the Treasury and turned over to an Administrator of
Relief.

The new law marked an important shift in relief policy. The R. F. C.'s
$300,000,000 was distributed as loans to strapped states. Half of the
new...